PR Newswire
London, 31 December 2018
PowerHouse Energy
Group plc
("PowerHouse, “PHE," or the "Company")
Waste2Tricity Report in The Sunday
Examiner
PowerHouse Energy Group plc (AIM: PHE), the UK technology
company pioneering hydrogen production from waste plastic and used
tyres and developer of the DMG® System would like to clarify
the reporting regarding ownership of intellectual property relating
to Thermal Conversion Technologies by Waste2Tricity, Ltd by the
Sunday Examiner on 30 December
2018.
While not mentioning PowerHouse specifically, the Examiner
inadvertently reported that Waste2Tricity, Ltd, the UK Project
Development Partner for PowerHouse for a number of distributed
electricity and distributed hydrogen projects within the UK and
elsewhere “has patented a method of heating plastic until it
‘gasifies’ into hydrogen….”
The actual patents related to the thermal conversion of waste
plastic to hydrogen and electricity have been developed, and are in
the process of being filed, by PowerHouse Energy Group, plc and all
proprietary IP related to the DMG® Thermal Conversion Process is
owned by PowerHouse and will be licensed to Waste2Tricity.
This inadvertent error in reporting has resulted in a number of
inquiries regarding the IP position of PowerHouse as it relates to
its DMG® System technology. To clarify, Waste2Tricity is a
licensee of PowerHouse Technology and IP and will pay to leverage
that IP to develop projects in a number of geographies including
the UK and Japan. The Examiner article further states that
Waste2Tricity has “teamed up with Toyota to open new recycling and
refueling stations….” However, to date, no agreements regarding the
deployment of the DMG® Technology for new recycling and refueling
stations have been finalized between the parties.
As announced on 26 November 2018
Waste2Tricity has been leading discussions with Toyota Tsusho
(Toyota) for a number of months. An extensive review of the
DMG® technology by Toyota Tsusho’s Chemical
Business Development Division is under way subsequent to PHE having
achieved its recent “Statement of Feasibility” by DNV-GL, a leading
provider of technical assurance world-wide.
Toyota Tsusho is one of the 17 members of the Toyota
Group. On its website, Toyota Tsusho is described, “As
the Toyota Group's sole general trading company, we gather
information and promote the development of new business from a
global perspective. As automotive professionals with unique
capabilities and know-how, we strive to lead the Toyota Group in
the challenge to develop the evolution of next-generation mobility
to contribute to the development of both society and the Toyota
Group.”
For more information, contact:
PowerHouse Energy Group plc
Keith Allaun, Chief Executive
Officer
Tel: +44 (0) 203 368 6399
WH Ireland Limited (Nominated Adviser)
James Joyce / Chris Viggor
Tel: +44 (0) 207 220 1666
Turner Pope Investments Ltd (Joint Broker)
Ben Turner / James Pope
Tel: +44 (0) 203 621 4120
Ikon Associates(Media enquiries)
Adrian Shaw
Tel: +44 (0) 1483 271291
Mob: +44 (0) 7979 900733
About PowerHouse Energy
PowerHouse Energy has developed a proprietary process technology -
DMG® - which can utilise waste plastic, end-of-life-tyres, and
other waste streams to efficiently and economically convert them
into EcoSynthesis gas from which valuable products such as chemical
precursors, hydrogen, electricity and other industrial products may
be derived. The PowerHouse technology is one of the world’s first
proven, modular, hydrogen from waste (HfW) processes.
The PowerHouse DMG® process can generate in excess of 1 tonne of
road-fuel quality H2, and more than 28MW/h of exportable
electricity per day.
The PowerHouse process produces low levels of safe residues and
requires a small operating footprint, making it suitable for
deployment at enterprise and community level.
PowerHouse is quoted on the London Stock Exchange's AIM Market
under the ticker: PHE, and is incorporated in the United
Kingdom.
For more information see www.powerhouseenergy.net
About Waste2tricity Ltd
Established in 2008, Waste2Tricity is a structured solutions
provider to the energy-from-waste (EfW) sector, an industry
supplying increasing amounts of electricity using feedstock
diverted from landfill. Waste2Tricity works with clients and
partners to develop, fund and support EfW deployment projects that
use proven technology, are profitable and progressive. In the case
of PHE these projects will use high temperature gasification and
internal combustion engines to efficiently convert waste plastic to
energy and in the future can produce hydrogen to support the growth
of the hydrogen economy.